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DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of the U.S. state of Delaware and first arose as a major supplier of gunpowder.
Delaware's economy shifted to a manufacturing base in the late 19th century, led by the transformation of the DuPont Company. [1] Modern growth in the financial workforce has overtaken the manufacturing sector in the state's economy. The Delaware General Corporation Law provides a flexible and stable framework for national incorporation. [2]
In 1957, he joined DuPont as an industrial engineer in the Kinston, North Carolina, plant, moving on to manufacturing and management positions in Wilmington, Delaware, Old Hickory, Tennessee and Camden, South Carolina. [1] [2] [5] He was CEO and chairman from 1989 to 1995. [1] [4] During that time, DuPont stock increased by 160 percent. [4]
In 1957, the research organization of the Chemicals Department of E. I. du Pont de Nemours and Company was renamed Central Research Department, beginning the history of the premier scientific organization within DuPont and one of the foremost industrial laboratories devoted to basic science.
The Wilmington News Journal praised these policies, saying that du Pont "revived [the] business climate and set the stage for [Delaware's] prosperity". [citation needed] In 1979, he founded the nonprofit "Jobs for Delaware Graduates", an employment counseling and job placement program for high school seniors not bound for college. This program ...
The long form is styled as E. I. du Pont de Nemours and Company. The stylings "Du Pont" and "DuPont" for the company's short name coexisted in the 20th century, but the latter is now consistently used in the company's branding. [2]: 3 The solid styling "duPont" is less common.